Property profile

130 Paw Paw St Lawrence, MI 49064

OFF-MARKET
Grocery and convenience stores
Property ID
US43-2465837
2,523 SF 0.1 ac lot Built 1900
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This historically remodeled 2,523 square foot industrial building in downtown Lawrence, Michigan, presents a unique investment opportunity. The main level offers 1,450 square feet of retail space, ideal for a variety of businesses. Key features include a walk-in cooler, central air conditioning, ample off-street parking, and large windows providing excellent natural light. The building's strategic downtown location ensures high visibility and accessibility. The purchase price includes a completely remodeled upper level, currently generating income as a two-bedroom apartment with an existing tenant. This provides a significant advantage, offering both commercial and residential income streams. The 0.1-acre lot provides sufficient space for the building and parking. This property is perfect for an owner-operator seeking a blend of commercial and residential income or an investor looking for a strong return on investment in a thriving downtown area. The combination of a well-maintained commercial space and a consistently rented apartment makes this a truly attractive proposition. The building's historical charm combined with modern updates creates a unique and desirable property. Don't miss this chance to acquire a versatile and income-producing asset in a desirable Michigan location. The property is priced competitively at $165,000.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1900
Total area 2,523 SF
Lot 0.1 ac (4,356 SF)
Zoning code VILLAGE
APN 80-44-107-006-00
UPID US43-2465837

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Health Care Service

Location

130 Paw Paw St Lawrence, MI 49064-9334
Lawrence metro Census 11300 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k

Owner & transaction history

since 2025
Last sale
$140,000
3 recorded transactions
2025
$140,000
2018
Price N/A
2008
$41,000

Zoning & alternative use

VILLAGE · Lawrence, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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